LiquidityHub, the dealer-backed bond and swap pricing service due for launch by September, has signed Bloomberg and Reuters to act as its distribution partners.

The agreements come as three banks prepare to buy stakes in the service, taking the number of dealers backing the initiative to 15.

Stephen Wolff, head of strategic investments at Deutsche Bank, said: “The establishment of these distribution agreements, which allow Bloomberg and Reuters customers to trade through LiquidityHub with live executable prices, is a critical step forward for the service and the marketplace.”

LiquidityHub invited companies to pitch but chose Bloomberg and Reuters for their market expertise and experience, the company said.

Robert MacLeod, chief executive of LiquidityHub, said: “The involvement of Bloomberg and Reuters will allow price takers to access the deep liquidity pool provided by the LiquidityHub dealers through their desktop provider.”